- Topics
- Regions
- Events
- Webcasts
- Resources
- CW Exclusives
- Membership
“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
JPMorgan subsidiary to pay $2.75M for operating as unregistered broker-dealer
By 
Kyle Brasseur2021-06-30T16:18:00
Neovest, a subsidiary of JPMorgan Chase, agreed to pay $2.75 million as part of a settlement with the Securities and Exchange Commission for operating as an unregistered broker-dealer.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefRegs name TD Bank’s compliance monitor; so far, bank has spent $138M improving AML program
TD Bank leadership called its response to anti-money laundering program lapses its “top priority” as federal regulators named their choice of a compliance monitor to oversee a top-to-bottom rebuild of its AML program.
-
PremiumJudge to hear arguments for and against CFPB cuts before agency potentially ‘choked out of existence’
The future of the CFPB–and the Trump administration’s efforts to dismantle it–hang in the balance as a federal judge pushed consideration of a request by a federal employees’ union to preserve the agency.
-
Premium'Measured approach' or light-handed GPDR? Noyb reports only 1.3 percent of EU cases result in fine
When Europe’s strict set of data protection rules came into force nearly seven years ago, privacy campaigners, industry experts, and lawyers all warned that noncompliance could result in eye-watering fines and other costly sanctions, especially for repeated breaches. However, the reality appears to be very different.
More from Regulatory Enforcement
-
News BriefTreasury announces plan to narrow CTA's scope; FinCEN says no fines, penalties for failure to report BOI
The Treasury Department’s Financial Crimes Enforcement Network notified businesses that fail to report or update their beneficial ownership information before the agency’s March 21 deadline will not face fines or penalties. The agency further said it would not enforce the Corporate Transparency Act against U.S. citizens and domestic businesses.
-
News BriefPCAOB fines PwC Israel $2.75M amid ongoing sweep for internal training exam cheating
The Israeli affiliate of Big Four audit firm PwC agreed to pay $2.75 million to settle allegations it failed to prevent widespread cheating on training examinations despite internal warnings to staff about an ongoing crackdown.
-
News BriefCrypto exchange OKX latest target of DOJ, hit with $505M penalty over AML, KYC failures
One of world’s largest cryptocurrency exchanges agreed to pay more than $500 million in penalties and plead guilty to AML and KYC violations, along with failing to register as a money transmitting business with the U.S. Treasury Department, the DOJ said.